The law › Title 12, Banks and Banking › Chapter 23
12 U.S.C. 2129: Eligibility
Created in 1971 by Public Law 92-181. Changed by 11 later laws. No bill we track in this Congress changes it.
2 other sections of the Code cite this one, including 12 U.S.C. 2122, 12 U.S.C. 2128.
4 parts of federal rules cite it as their authority, written by Farm Credit Administration (4).
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2018
- Pub. L. 115–334, §6602(b)(17), struck out "or a loan or loan commitment from the Rural Telephone Bank," before "or that are eligible". (Agriculture Improvement Act of 2018) Law text · (b)
- Pub. L. 115–334, §5411(8), inserted "(or any successor agency)" after "Rural Electrification Administration". (Agriculture Improvement Act of 2018) Law text · (b)
1996
- Pub. L. 104–105, §204(a), inserted at end "Any such association that has received a loan from a bank for cooperatives shall, without regard to the requirements of paragraphs (1) through (4), continue to be eligible for so long as more than 50 percent (or such higher percentage as is es… (Farm Credit System Reform Act of 1996) Law text · (a)
- Pub. L. 104–105, §205, substituted "are eligible under the Rural Electrification Act of 1936 (7 U.S.C. 901 et seq.) for" for "have been certified by the Administrator of the Rural Electrification Administration to be eligible for such" and "loan guarantee from the Administration … (Farm Credit System Reform Act of 1996) Law text · (b)
- Pub. L. 104–105, §204(b), substituted "and (4), or under the last sentence, of subsection (a)" for "and (4) of subsection (a)". (Farm Credit System Reform Act of 1996) Law text · (b)
1994
- Pub. L. 103–376 redesignated subpars. (C) to (E) as (B) to (D), respectively, realigned margin of subpar. (D), and struck out former subpar. (B) which read as follows: "Any legal entity more than 50 percent of the voting control of which is held by one or more associations… · (b)
1992
- Pub. L. 102–552 added subpar. (E). · (b)
1991
- Pub. L. 102–237, §502(f)(1), substituted "a percentage" for "A percentage". · (a)
- Pub. L. 102–237, §502(e)(2), (f)(2), substituted "subsection (b) or (f) of section 2128 of this title" for "section 2128(f) of this title" and realigned margin of subpar. (D). · (b)
1990
- Pub. L. 101–624 added subpar. (D). · (b)
1988
- Pub. L. 100–399, §901(e), substituted "bank board" for "district board" in subsec. (a)(4).
- Pub. L. 100–399, §410, substituted "makes" for "make" in subsec. (b)(1)(C).
- Pub. L. 100–233, §805(m), redesignated subsec. (1) as subsec. (a) and pars. (a) to (d) as pars. (1) to (4), respectively, in par. (4) redesignated cls. (1) to (3) as (A) to (C), respectively, and in cl. (C) substituted "paragraph (B)" for "paragraph (2)".
- Pub. L. 100–233, §421, added subsec. (b) and struck out former subsec. (2) which read as follows: "Notwithstanding any other provision of this subchapter, cooperatives and other entities that have received a loan, loan commitment, or loan guarantee from the Rural Electrification Administration, or …
1985
- Pub. L. 99–198, §1322(1), designated existing provisions as subsec. (1) and added subsec. (2).
1980
- Pub. L. 96–592, §305(1), inserted reference to aquatic business in introductory text.
- Pub. L. 96–592, §305(2), inserted reference to aquatic business services or services to eligible cooperatives. · (c)
- Pub. L. 96–592, §305(3), substituted "60" for "70", and designated former parenthetical material as item (1), and added items (2) and (3) and limitation with respect to any type of association or cooperative. · (d)
1975
- Pub. L. 94–184 inserted provision relating to 70 per centum of voting control in the case of rural electric, telephone, and public utility cooperatives. · (d)
Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.